PLS 1.37% $2.88 pilbara minerals limited

Although the SP rise head been dramatic and come charting...

  1. 3,205 Posts.
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    Although the SP rise head been dramatic and come charting indicators are suggesting over bought, one must remember that we are playing catch up after six months of stunning announcements. As the Beer and Co report suggests, fair value is currently in the mid $0.20s. Although I was a bit suspect of the near vertical increase in SP I'm thinking we should reach near, or perhaps just under $0.20 over the coming days and then consolidate with a healthy pull back. Mining permits are due shortly and production will commence within the next quarter so this will be taking a role as well.

    The lack of selling volume is simply staggering. The last few days have seen what i feel to be an accumulation bot working the SP. All speculation but it looks like people are taking a long term liking and are holding tight.
 
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